OCC Enforcement Actions and Terminations

News Release 2019-106 | September 19, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders […]

Treasury International Capital Data for July

Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2019.  The next release, which will report on data for August 2019, is scheduled for October 16, 2019. The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]

Treasury Releases Proposed Regulations to Reform National Security Reviews for Certain Foreign Investments and Other Transactions in the United States

WASHINGTON – The U.S. Department of the Treasury today issued proposed regulations to comprehensively implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) and to better address national security concerns arising from certain investments and real estate transactions.  FIRRMA and the proposed regulations strengthen and modernize the Committee on Foreign Investment in the […]

Comptroller of the Currency Discusses Community Reinvestment Act, Honored for his Philanthropy

News Release 2019-105 | September 10, 2019 Share This Page: SANTA ANA, Calif.—Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif. During his comments, Comptroller Otting highlighted how the Community Reinvestment Act (CRA) encouraged investment […]

Comptroller of the Currency Visits Compton, California, to Discuss How to Increase Community Reinvestment

News Release 2019-104 | September 9, 2019 Share This Page: WASHINGTON—Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to […]

OCC Hosts Compliance and Operational Risk Workshops in Los Angeles

News Release 2019-103 | September 9, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops in Los Angeles at the Federal Reserve Bank of Los Angeles, October 22 and 23, for directors of national community banks and federal savings associations supervised by the OCC. The Compliance Risk workshop […]

OCC Releases CRA Evaluations for 26 National Banks and Federal Savings Associations

News Release 2019-102 | September 6, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2019 through August 31, 2019. The list contains only national banks, federal savings associations, and insured federal […]

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Dorian in Southeast United States to Close

News Release 2019-101 | August 30, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Dorian in the Southeast region of the United States to close. […]

Comptroller of the Currency Visits New Mexico Pueblos to Discuss Community Reinvestment Act and Bank Services

News Release 2019-100 | August 28, 2019 Share This Page: ALBUQUERQUE, N.M.—Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, […]

Comptroller of the Currency Visits New York Neighborhoods Supported by the Community Reinvestment Act, Discusses Opportunities to Do More

News Release 2019-95 | August 21, 2019 Share This Page: WASHINGTON — Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here […]